Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) issued its earnings results on Thursday. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13, Morningstar.com reports. The firm had revenue of $25.96 million during the quarter, compared to the consensus estimate of $26.90 million.
Shares of PPSI stock traded up $0.02 during trading hours on Friday, hitting $5.50. The stock had a trading volume of 25,044 shares, compared to its average volume of 6,346. Pioneer Pwr Sol Cmn has a one year low of $4.40 and a one year high of $7.95.
Separately, Zacks Investment Research raised Pioneer Pwr Sol Cmn from a “sell” rating to a “hold” rating in a report on Thursday, July 19th.
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
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